Iced Tea Maker Teams Up with Cannabis Company to Produce THC Products
On Aug. 2, Dixie Brands Inc., a leading cannabis CPG company, and AriZona, the maker of the #1 selling iced tea in America, signed a binding letter of intent to partner for the production, distribution and sale of cannabis-infused products containing tetrahydrocannabinol (THC).
Under the terms of this deal between Dixie Brands Inc., and the AriZona brand, through its affiliated entity, Herbal Enterprises, LLC, will direct brand and product conceptual design; while Dixie Brands will develop, formulate, manufacture and distribute the new portfolio of AriZona branded THC infused consumer packaged goods.
The products will only be available in states where marijuana is legal.